Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and antimicrobial agents. Its structure supports the formation of biologically active molecules, making it valuable in medicinal chemistry. Also employed in the preparation of agrochemicals, including plant growth regulators and pesticides, due to its ability to enhance bioactivity. Additionally, it serves in coordination chemistry as a ligand for metal complexes used in catalysis and material science.